Reorganization for Tax Purposes. Each of the parties hereto undertakes and agrees to use its reasonable efforts to cause the Merger to qualify as a "reorganization" within the meaning of Section 368(a) of the Code and that it will not intentionally take any action that would cause the Merger to fail to so qualify.
Appears in 7 contracts
Samples: Merger Agreement (Capital Bank Corp), Merger Agreement (First Bancorp /Nc/), Merger Agreement (High Street Corp)
Reorganization for Tax Purposes. Each of the parties hereto undertakes and agrees to use its reasonable efforts to cause the Merger Mergers to qualify as a "reorganizationreorganizations" within the meaning of Section 368(a) of the Code and that it will not intentionally take any action that would cause the Merger Mergers to fail to so qualify.
Appears in 3 contracts
Samples: Merger Agreement (Century Bancorp Inc /Nc), Merger Agreement (First Bancorp /Nc/), Merger Agreement (First Savings Bancorp Inc)
Reorganization for Tax Purposes. Each of the parties hereto undertakes and agrees to use its reasonable efforts to cause the Merger to qualify as a "“reorganization" ” within the meaning of Section 368(a) of the Code and that it will not intentionally take any action that would cause the Merger to fail to so qualify.
Appears in 2 contracts
Samples: Merger Agreement (Analytical Surveys Inc), Merger Agreement (Four Oaks Fincorp Inc)
Reorganization for Tax Purposes. Each of the parties hereto undertakes ------------------------------- and agrees to use its reasonable efforts to cause the Holding Company Merger to qualify as a "reorganization" within the meaning of Section 368(a) of the Code and that it will not intentionally take any action that would cause the Holding Company Merger to fail to so qualify.
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Reorganization for Tax Purposes. Each of the parties hereto undertakes and agrees to use its reasonable best efforts to cause the Merger to qualify as a "reorganization" within the meaning of Section 368(a) of the Code and that it will not intentionally take any action that would cause the Merger to fail to so qualify.
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Reorganization for Tax Purposes. Each of the parties hereto undertakes and agrees to use its reasonable efforts to cause the Merger to qualify as a "“reorganization" ” within the meaning of Section 368(a) of the Code and agrees that it will not intentionally take any action that would cause the Merger to fail to so qualify.
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Reorganization for Tax Purposes. Each of the parties hereto undertakes and agrees to use its reasonable best efforts to cause the Merger to qualify as a "reorganization" within the meaning of Section 368(a368(a)(1)(A) of the Code and that it will not intentionally take any action that would cause the Merger to fail to so qualify.
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Reorganization for Tax Purposes. Each of the parties hereto undertakes and agrees to use its reasonable efforts to cause the Holding Company Merger to qualify as a "“reorganization" ” within the meaning of Section 368(a) of the Code and that it will not intentionally take any action that would cause the Holding Company Merger to fail to so qualify.
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